CMGG.TO vs. FCIN.NEO
CMGG.TO (CI Munro Global Growth Equity Fund) and FCIN.NEO (Fidelity All-International Equity ETF) are both Global Equities funds. Both are actively managed. Over the past year, CMGG.TO returned 38.88% vs 24.12% for FCIN.NEO. At a 0.40 correlation, their price movements are largely independent.
Performance
CMGG.TO vs. FCIN.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, CMGG.TO achieves a 21.24% return, which is significantly higher than FCIN.NEO's 11.25% return.
CMGG.TO
- 1D
- 0.12%
- 1M
- 10.96%
- YTD
- 21.24%
- 6M
- 21.36%
- 1Y
- 38.88%
- 3Y*
- 35.34%
- 5Y*
- 20.56%
- 10Y*
- —
FCIN.NEO
- 1D
- -0.39%
- 1M
- 2.25%
- YTD
- 11.25%
- 6M
- 12.58%
- 1Y
- 24.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMGG.TO vs. FCIN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 21.24% | 21.00% | 36.08% |
FCIN.NEO Fidelity All-International Equity ETF | 11.25% | 28.04% | 11.14% |
Correlation
The correlation between CMGG.TO and FCIN.NEO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2024 | 0.40 |
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Return for Risk
CMGG.TO vs. FCIN.NEO — Risk / Return Rank
CMGG.TO
FCIN.NEO
CMGG.TO vs. FCIN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Munro Global Growth Equity Fund (CMGG.TO) and Fidelity All-International Equity ETF (FCIN.NEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CMGG.TO | FCIN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.53 | +1.32 |
| Martin ratioReturn relative to average drawdown | 10.77 | 9.99 | +0.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMGG.TO | FCIN.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.83 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 1.59 | -0.62 |
Drawdowns
CMGG.TO vs. FCIN.NEO - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, which is greater than FCIN.NEO's maximum drawdown of -12.34%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and FCIN.NEO.
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Drawdown Indicators
| CMGG.TO | FCIN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -12.34% | -16.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -9.56% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.16% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -1.55% | -7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 2.42% | +1.20% |
Volatility
CMGG.TO vs. FCIN.NEO - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) has a higher volatility of 6.68% compared to Fidelity All-International Equity ETF (FCIN.NEO) at 5.34%. This indicates that CMGG.TO's price experiences larger fluctuations and is considered to be riskier than FCIN.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMGG.TO | FCIN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 5.34% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 10.87% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 13.23% | +3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 13.76% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 13.76% | +4.73% |
Dividends
CMGG.TO vs. FCIN.NEO - Dividend Comparison
CMGG.TO has not paid dividends to shareholders, while FCIN.NEO's dividend yield for the trailing twelve months is around 1.15%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% |
FCIN.NEO Fidelity All-International Equity ETF | 1.15% | 1.28% | 1.52% |
Frequently Asked Questions
CMGG.TO and FCIN.NEO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI Global Asset Management and Fidelity.
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